Ann: Ava Global and BQT Solutions update, page-4

I think saint63 is a little behind the times. MSP was acquired by AVA Group, the CEO is Chris Fergus who ran a billion dollar business for G4S, the largest security company in the world. He has just appointed a new sales guy who was also former G4S, he ran a $600 million business for them. Chris has been part of MSP for years now, he added a whole new business with AVA processing government-size currency and valuables transfers, and as a result revenues have been skyrocketing. Now that he is at the helm of a much larger group, Chris is re-making the company around a new vision of Risk Management - something that will be an easier sell to corporate boards.

MSP and AVA needed cash to grow, now they have $8.3 million. The group is growing about 60% a year and is still on track to hit around $30 million revenues this financial year.

MSP shares are worth 1.9 cents, according to the most recent buyback which just closed. For those holding out for a 4c offer, don't hold your breath. The on market buyback can run for a year if necessary, and there's nothing that can happen which creates upside for MSP. FFT owns 88%+ and as soon as they get 90% they will automatically acquire the rest - at market price which could be 1 cent or less, depending on how long this continues to drag out. The sooner the remaining MSP holders sell in the on market buy back and buy back into the new combined company AVA, the sooner they can participate in the growth story.

We are going somewhere quickly, come to the AVA board (until Monday: FFT board) to discuss.